Titan Company (TITAN)₹5,005+0.29%Gems, Jewellery And Watches
In the Jun 2026 quarter (consolidated), Titan Company reported sales of ₹21,403 Cr, up 29.3% from Jun 2025, and net profit of ₹1,782 Cr, up 63.0% year on year. For the year to Mar 2026, sales were ₹87,795 Cr and net profit ₹5,083 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,552 | 14,199 | 12,527 | 13,281 | 14,555 | 17,761 | 14,944 | 16,556 | 18,758 | 25,460 | 26,985 | 21,403 |
| Expenses | 11,086 | 12,561 | 11,270 | 11,995 | 13,266 | 16,015 | 13,334 | 14,660 | 16,808 | 22,633 | 24,936 | 18,410 |
| Operating Profit | 1,412 | 1,564 | 1,191 | 1,246 | 1,237 | 1,675 | 1,536 | 1,831 | 1,876 | 2,714 | 1,938 | 2,890 |
| OPM % | 10.9% | 11.0% | 10.0% | 9.0% | 8.0% | 9.0% | 10.0% | 11.0% | 10.0% | 11.0% | 7.0% | 14.0% |
| Other Income | 125 | 136 | 158 | 120 | 123 | 127 | 116 | 105 | 113 | −0.99 | 234 | 147 |
| Interest | 140 | 169 | 201 | 230 | 240 | 231 | 252 | 271 | 277 | 282 | 350 | 353 |
| Depreciation | 144 | 154 | 158 | 164 | 171 | 176 | 183 | 184 | 190 | 208 | 247 | 257 |
| Profit before tax | 1,254 | 1,379 | 993 | 974 | 949 | 1,398 | 1,220 | 1,483 | 1,524 | 2,225 | 1,580 | 2,432 |
| Tax % | 27.0% | 24.0% | 22.0% | 27.0% | 26.0% | 25.0% | 28.0% | 26.0% | 26.0% | 24.0% | 25.0% | 27.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −114 | 37.90 | 0.00 |
| Net Profit | 918 | 1,055 | 773 | 717 | 706 | 1,049 | 873 | 1,093 | 1,123 | 1,687 | 1,181 | 1,782 |
| EPS (Rs) | 10.30 | 11.84 | 8.66 | 8.04 | 7.91 | 11.77 | 9.80 | 12.27 | 12.59 | 18.95 | 13.25 | 19.98 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,296 | 13,287 | 16,164 | 19,815 | 21,106 | 21,678 | 28,834 | 40,678 | 51,218 | 60,569 | 87,795 | 92,606 |
| Expenses | 10,308 | 12,057 | 14,435 | 17,749 | 18,544 | 19,852 | 25,402 | 35,622 | 45,660 | 54,577 | 79,082 | 82,788 |
| Operating Profit | 939 | 1,163 | 1,645 | 1,995 | 2,461 | 1,724 | 3,341 | 4,884 | 5,293 | 5,691 | 8,356 | 9,418 |
| OPM % | 8.0% | 9.0% | 10.0% | 10.0% | 12.0% | 8.0% | 12.0% | 11.9% | 10.0% | 9.0% | 9.9% | 10.2% |
| Other Income | 68.80 | −41.85 | 69.81 | 177 | 153 | 179 | 177 | 305 | 532 | 485 | 448 | 493 |
| Interest | 41.95 | 37.96 | 52.95 | 52.97 | 166 | 203 | 218 | 300 | 618 | 952 | 1,179 | 1,261 |
| Depreciation | 98.21 | 111 | 131 | 163 | 349 | 376 | 400 | 442 | 586 | 695 | 828 | 900 |
| Profit before tax | 869 | 974 | 1,532 | 1,959 | 2,105 | 1,328 | 2,910 | 4,454 | 4,631 | 4,541 | 6,814 | 7,760 |
| Tax % | 22.0% | 28.0% | 27.9% | 28.9% | 29.0% | 27.0% | 24.0% | 26.0% | 24.0% | 26.0% | 25.0% | — |
| Exceptional items | −2.99 | −76.70 | −12.96 | −2.99 | 0.00 | 11.97 | −41.89 | −1.99 | 0.00 | 0.99 | −76.80 | −75.66 |
| Net Profit | 677 | 699 | 1,105 | 1,392 | 1,496 | 977 | 2,205 | 3,280 | 3,506 | 3,343 | 5,083 | 5,773 |
| EPS (Rs) | 7.59 | 7.99 | 12.72 | 15.79 | 16.88 | 10.95 | 24.44 | 36.57 | 39.30 | 37.53 | 57.00 | 64.77 |
| Dividend payout % | 29.0% | 32.0% | 29.0% | 32.0% | 24.0% | 37.0% | 31.0% | 27.1% | 28.0% | 29.1% | 26.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 89.07 | 89.11 | 89.15 | 89.08 | 89.12 | 89.08 | 89.18 | 89.13 | 89.09 | 89.26 | 89.24 | 89.21 |
| Reserves | 2,998 | 3,424 | 4,148 | 5,007 | 5,989 | 6,585 | 7,422 | 9,230 | 11,780 | 9,324 | 11,558 | 15,634 |
| Borrowings | 99.71 | 113 | 1,876 | 1,687 | 2,384 | 3,552 | 5,628 | 7,255 | 9,342 | 15,520 | 20,761 | 30,568 |
| Other Liabilities | 2,682 | 2,724 | 2,301 | 2,736 | 3,259 | 3,325 | 3,325 | 4,632 | 5,821 | 6,658 | 8,284 | 14,305 |
| Total Liabilities | 5,869 | 6,349 | 8,414 | 9,520 | 11,721 | 13,551 | 16,464 | 21,206 | 27,032 | 31,591 | 40,692 | 60,596 |
| Fixed Assets | 697 | 769 | 1,187 | 1,470 | 1,564 | 2,626 | 2,518 | 2,539 | 2,988 | 3,702 | 4,051 | 6,861 |
| CWIP | 55.22 | 107 | 153 | 43.15 | 32.09 | 18.07 | 32.10 | 85.30 | 144 | 97.37 | 105 | 163 |
| Investments | 3.01 | 30.09 | 432 | 36.11 | 108 | 159 | 2,835 | 295 | 2,523 | 2,352 | 1,993 | 3,518 |
| Other Assets | 5,114 | 5,443 | 6,643 | 7,970 | 10,017 | 10,748 | 11,078 | 18,287 | 21,376 | 25,439 | 34,542 | 50,053 |
| Inventories | 4,063 | 4,461 | 4,940 | 5,946 | 7,055 | 8,130 | 8,430 | 13,645 | 16,631 | 19,118 | 28,249 | 42,873 |
| Trade receivables | 190 | 192 | 208 | 296 | 421 | 312 | 367 | 566 | 674 | 1,019 | 1,069 | 917 |
| Cash & equivalents | 213 | 116 | 777 | 616 | 1,062 | 380 | 558 | 1,567 | 1,337 | 1,521 | 1,577 | 1,908 |
| Total Assets | 5,869 | 6,349 | 8,414 | 9,520 | 11,721 | 13,551 | 16,464 | 21,206 | 27,032 | 31,591 | 40,692 | 60,596 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 504 | 578 | 1,717 | −51.14 | 1,247 | −349 | 4,152 | −726 | 1,375 | 1,701 | −543 | 5,614 |
| Cash from investing activity | −118 | −159 | −954 | 98.17 | −797 | 235 | −2,803 | 1,166 | −1,817 | −189 | 547 | −2,967 |
| Cash from financing activity | −1,007 | −506 | −166 | −252 | −490 | −243 | −1,237 | −404 | 458 | −1,332 | −7.01 | −2,164 |
| Net cash flow | −618 | −87.76 | 592 | −205 | −42.88 | −354 | 106 | 37.90 | 12.96 | 176 | −1.99 | 464 |
| Capex | 209 | 254 | 255 | 304 | 265 | 354 | 146 | 224 | 432 | 689 | 493 | 901 |
| Free cash flow | 297 | 325 | 1,465 | −351 | 982 | −695 | 4,009 | −942 | 952 | 1,026 | −1,013 | 4,722 |
| CFO / OP % | 65.0% | 83.0% | 171.0% | 25.1% | 94.0% | 8.0% | 256.0% | 2.0% | 52.0% | 54.0% | 10.0% | 88.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 6 | 6 | 6 | 7 | 8 | 5 | 6 | 7 | 6 | 7 | 6 | 4 |
| Inventory days | 169 | 198 | 189 | 185 | 178 | 195 | 187 | 230 | 199 | 176 | 217 | 222 |
| Days payable | 82 | 75 | 31 | 28 | 24 | 15 | 19 | 23 | 16 | 14 | 16 | 16 |
| Cash conversion cycle | 94 | 131 | 165 | 164 | 163 | 186 | 176 | 215 | 191 | 171 | 208 | 211 |
| Working capital days | 58 | 73 | 41 | 59 | 54 | 68 | 35 | 67 | 50 | 41 | 34 | 27 |
| ROCE % | 35.0% | 27.0% | 23.0% | 25.0% | 26.0% | 24.0% | 13.0% | 21.0% | 25.0% | 23.0% | 19.0% | 21.0% |
For the Jun 2026 quarter, Titan Company reported sales of ₹21,403 Cr, up 29.3% year on year and net profit of ₹1,782 Cr, up 63.0% year on year. The operating margin was 14.0%.
Titan Company's sales for the year to Mar 2026 were ₹87,795 Cr; over the last twelve months they were ₹92,606 Cr.
Net profit for the year to Mar 2026 was ₹5,083 Cr, and ₹5,773 Cr over the last twelve months. Earnings per share over the same trailing period were ₹64.77.
Titan Company reported borrowings of ₹30,568 Cr at Mar 2026, against cash and equivalents of ₹1,908 Cr.
Cash from operations was ₹5,614 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹4,722 Cr.